SanDisk 2014 Annual Report Download - page 144

SANDISK CORPORATION
CONSOLIDATED BALANCE SHEETS
December 28, December 29,
2014 2013
(In thousands, except for share
and per share amounts)
ASSETS
Current assets:
Cash and cash equivalents ..................................... $ 809,003 $ 986,246
Short-term marketable securities ................................. 1,455,509 1,919,611
Accounts receivable, net ....................................... 842,476 682,809
Inventory ................................................. 698,011 756,975
Deferred taxes ............................................. 180,134 138,192
Other current assets .......................................... 214,992 166,885
Total current assets ....................................... 4,200,125 4,650,718
Long-term marketable securities .................................... 2,758,475 3,179,471
Property and equipment, net ....................................... 724,357 655,794
Notes receivable and investments in Flash Ventures ....................... 962,817 1,134,620
Deferred taxes ................................................ 161,827 134,669
Goodwill .................................................... 831,328 318,111
Intangible assets, net ............................................ 542,351 247,904
Other non-current assets .......................................... 108,677 167,430
Total assets ............................................ $10,289,957 $10,488,717
LIABILITIES, CONVERTIBLE SHORT-TERM DEBT CONVERSION OBLIGATION AND EQUITY
Current liabilities:
Accounts payable trade ....................................... $ 404,237 $ 282,582
Accounts payable to related parties ............................... 136,051 146,964
Convertible short-term debt .................................... 869,645 —
Other current accrued liabilities .................................. 506,293 509,732
Deferred income on shipments to distributors and retailers and deferred
revenue ................................................ 274,657 291,302
Total current liabilities ..................................... 2,190,883 1,230,580
Convertible long-term debt ........................................ 1,199,696 1,985,363
Non-current liabilities ............................................ 245,554 307,083
Total liabilities .......................................... 3,636,133 3,523,026
Commitments and contingencies (see Note 14)
Convertible short-term debt conversion obligation ........................ 127,143 —
Stockholders’ equity:
Preferred stock, $0.001 par value, Authorized shares: 4,000,000, Issued and
outstanding: none .......................................... — —
Common stock, $0.001 par value, Authorized shares: 800,000,000, Issued and
outstanding: 215,743,090 in 2014 and 225,290,940 in 2013 ............... 216 225
Capital in excess of par value ................................... 5,236,766 5,040,017
Retained earnings ........................................... 1,499,149 2,004,089
Accumulated other comprehensive loss ............................. (208,072) (76,459)
Total stockholders’ equity ................................... 6,528,059 6,967,872
Non-controlling interests .......................................... (1,378) (2,181)
Total equity ............................................ 6,526,681 6,965,691
Total liabilities, convertible short-term debt conversion obligation and
equity ........................................... $10,289,957 $10,488,717
The accompanying notes are an integral part of these consolidated financial statements.
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